HOUSING: Build America Caucus Chairs Endorse Housing Package Ahead of Chamber Vote

WASHINGTON – Today, following their successful efforts to address housing construction concerns, Build America Caucus Co-Chairs Josh Harder (CA-09) and Celeste Maloy (UT-02) endorsed the amended housing package ahead of a full chamber vote expected this week:

“This is the strongest pro-housing bill in 50 years,” said Chair Harder. “It includes fixes to problematic provisions that would’ve effectively banned build-to-rent housing while preserving key wins that will boost our housing supply and address institutional ownership. That’s the solution that our families deserve and that the bipartisan Build America Caucus has been pushing for - I’m excited to vote to pass this historic package through Congress and continue working with our partners in the U.S. Senate to send this to the President’s desk.”

“The revised language in the 21st Century Road to Housing Act strikes the right balance on large institutional investors,” said Co-Chair Maloy. “It stops corporations from opportunistically buying up housing stock, protects build-to-rent housing that working families depend on, and aligns with the president's executive order.”

Last month, the Build America Caucus led a 76-member, bipartisan letter to congressional leadership urging reforms to fix provisions in the housing package that would halt build-to-rent housing by at least 72,000 new rental units every year. Following that letter, the House Financial Services Committee announced last week the amended housing package, which includes reforms that protect build-to-rent housing.

###